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Zach Braff’s ‘Wish I Was Here’ Sold Big at Sundance, But What Do His Backers Get?

Zach Braff's 'Wish I Was Here' Sold Big at Sundance, But What Do His Backers Get?

It was big news for Zach Braff when his second film, the largely Kickstarter-funded “Wish I Was Here” sold to Focus Features for a reported $2.75 million at Sundance 2014.

Since Braff turned to Kickstarter last spring to raise funds for the project, it has spurred controversy about whether celebrities are ruining crowdfunding for the true independents who can’t simply turn to their famous friends (or their bank accounts) for backing (Kickstarter responded with its own post on the topic).

Though critics scoffed, Braff had no trouble raising the funds for “Wish I Was Here,” easily topping his goal of $2 million and eventually raising more than $3 million.

Now that it’s clear that Braff is going to make money off the film, backers are wondering if they get any special benefits. A new post on the film’s Kickstarter page clarifies the legal position regarding crowdfunding, “Current SEC laws prevent Kickstarter from offering equity or financial returns. As Kickstarter explains in Kickstarter Basics: Project creators keep 100% ownership of their work. Kickstarter cannot be used to offer financial returns or equity, or solicit loans. Some projects that are funded on Kickstarter may go on to make money, but backers are supporting projects to help them come to life, not financially profit.”

Bummer, right? But those are the rules of the Kickstarter game.

To clarify the position, producer Stacey Sher, told BuzzFeed that the film’s Kickstarter backers will not benefit financially from the film sale. “That’s not the way Kickstarter works. That’s not what we promised anybody.”

Meanwhile, Variety reports that a block of seats at the film’s Sundance premiere were reserved for high-rolling Kickstarter backers, there were many more who funded the project who couldn’t get tickets. To make matters worse, Braff didn’t think to thank his Kickstarter supporters when he introduced the film.

There are a lot of disgruntled Kickstarter backers out there who are still waiting for their rewards. “What about all the backers?” investor Matt Haughey, founder of Metafilter.com, griped to NBC News. “In those last updates from him, he was all ‘I’m in Sundance!’ and then ‘Focus picked us up!’ There was nothing about the backers. It was all about Zach Braff. Well, that’s awesome for you!”

The issues raised by celebrity crowdfunding will continue to arise — especially when Spike Lee’s controversial Kickstarter-funded “Da Blood of Jesus” is released.

At least Sher acknowledged that fulfilling rewards is the project’s first financial obligation. So keep checking the mail box for that “Wish I Was Here” T-shirt.

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Comments

pino creesheo

(yawn) another tv movie made by a tv actor… sorry all of the fans fell for his "pls support me" bs…

Jon H.

FFS what if he just was overwhelmed and forgot to mention kickstarter? OH HEAVENS NO.

Jon

It's the thought that counts

Mike

The film took on additional outside investment above the kickstarter funds.

Derek

When u idiots pledged your money, did it say "u get this back". No. Aha, stupid people.

Paula Bernstein

Of course we know how Kickstarter works. We didn't suggest that Zach Braff's backers should receive financial payment now that he sold the film. We're reporting on the fact that some of his backers are frustrated by the fact that he doesn't seem appreciative of his Kickstarter supporters — and they feel entitled to something (at least the rewards they were promised, which some folks haven't yet received). Also, we raise issues that will continue to arise with "celebrity" crowd funding campaigns. People will complain about how much money Braff is making even if they aren't actually owed anything.

Dominic

How does Indiewire not know how Kickstarter works? Paula Bernstein and her editors should be embarrassed.

UGH

Does no one know how Kickstarter works? "I Wish I Was Here" could come out, break box office records & go on to earn over a billion domestic & NOTHING is owed to the backers.

Alo

I dont get the fuss either. I'm a backer, and I'm getting what I was promised with my 20 or so dollars (I can't even remember how much I gave). I did it because I enjoyed his first film and wanted to be a part of the second. I have really enjoyed all the videos and updates, and personally think he has done a MUCH better job than the Veronica Mars crowd, where all the updates seem to say "stop complaining about stuff" to backers, even though I've never contacted them.

Sean

If he didn't thank his Kickstarter Backers at the Sundance screening…that would be his first misstep. The guy put crowd funding on the mainstream map and has pretty much done it flawlessly. Its capitalism..pay something get something. If you don't like it don't buy it again.

AK

The Kickstarter page clearly states that the backer rewards are estimated to be delivered in September 2014. Why the fuss?

ZK

Making film for 3 million and selling it for 2.7 million is selling big?

Teron

thank god he makes good films because he is the ugliest male human being I've ever seen in my life. he inspires revulsion physically, so it's good he found a non-physical talent (he's not really a good actor outside Scrubs).

IndieWire

I can't believe we still pump out this link-bait bullshit. Isn't it weird we bully filmmakers as much as we attempt to promote them? We are the US Weekly of indie film, common sense often trumped by clickable articles.

Chad

The Kickstarter backers are getting exactly what they were promised. There isn't any surprises here. If games and hard products can profit on Kickstarter, so can films. Not sure why there is such a fuss here.

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